The industry supports the Hong Kong Stock Exchange's proposal to review the competitiveness of the listing mechanism, hoping for strict confidentiality obligations and leak handling mechanisms

The Hong Kong Stock Exchange is consulting the market on the "Review of the Competitiveness of the Listing Mechanism." The Hong Kong Securities and Futures Professionals Association supports lowering the financial qualification testing thresholds for companies with different voting rights and the confidentiality application mechanism, believing that this will enhance the competitiveness of Hong Kong's listing system and attract more new economy enterprises. Recommendations include lowering the market capitalization threshold from HKD 40 billion to HKD 20 billion, reducing the revenue testing threshold to HKD 600 million, and allowing applications to be submitted confidentially to protect the business secrets of companies. The association also suggested strict confidentiality obligations and mechanisms for handling leaks